Another Recommendation On Wall Street for Fox Factory Holding (FOXF). This time with a $63.0 Share Target Price

July 16, 2018 - By Vernon Prom

Fox Factory Holding Corp. (NASDAQ:FOXF) Logo

Investors sentiment decreased to 1.08 in 2018 Q1. Its down 0.48, from 1.56 in 2017Q4. It fall, as 30 investors sold Fox Factory Holding Corp. shares while 44 reduced holdings. 23 funds opened positions while 57 raised stakes. 35.30 million shares or 9.51% less from 39.01 million shares in 2017Q4 were reported.

Legal General Group Incorporated Pcl invested 0% in Fox Factory Holding Corp. (NASDAQ:FOXF). New York-based Renaissance Technologies Lc has invested 0.01% in Fox Factory Holding Corp. (NASDAQ:FOXF). 412,700 were reported by Cooke & Bieler Limited Partnership. State Board Of Administration Of Florida Retirement Sys reported 0% of its portfolio in Fox Factory Holding Corp. (NASDAQ:FOXF). Rk Capital Mngmt invested in 0.87% or 115,000 shares. Paloma Prtn Mgmt has invested 0.01% in Fox Factory Holding Corp. (NASDAQ:FOXF). Chatham Capital Grp invested 0.27% of its portfolio in Fox Factory Holding Corp. (NASDAQ:FOXF). Stifel Financial has 0% invested in Fox Factory Holding Corp. (NASDAQ:FOXF). Manufacturers Life Insur The holds 26,354 shares. 7,631 are held by Cubist Systematic Strategies Ltd Liability Corporation. The Illinois-based Envestnet Asset Mgmt Inc has invested 0% in Fox Factory Holding Corp. (NASDAQ:FOXF). Arizona State Retirement accumulated 59,299 shares. First Trust Advisors L P owns 0% invested in Fox Factory Holding Corp. (NASDAQ:FOXF) for 39,692 shares. Citigroup holds 4,757 shares or 0% of its portfolio. Aperio Group Inc has 6,934 shares for 0% of their portfolio.

Since May 21, 2018, it had 0 insider buys, and 3 sales for $1.47 million activity. 20,000 Fox Factory Holding Corp. (NASDAQ:FOXF) shares with value of $1.00 million were sold by ALLINGER WESLEY E. 10,500 shares were sold by Glasman Zvi, worth $407,542 on Monday, May 21.

Why Has Jefferies Given Fox Factory Holding (FOXF) a $63.0 Price Target

EU: Fox Factory Holding (FOXF) coverage was started with a key ‘Buy’ rating as well as a $63.0 target price per share at Jefferies. The PT by Jefferies gives upside of 48.06 % from the stock close price.

The stock increased 1.44% or $0.75 during the last trading session, reaching $52.95. About 93,279 shares traded. Fox Factory Holding Corp. (FOXF) has risen 18.55% since July 16, 2017 and is uptrending. It has outperformed by 5.98% the S&P500.

Analysts await Fox Factory Holding Corp. (NASDAQ:FOXF) to report earnings on August, 2. They expect $0.48 earnings per share, up 23.08 % or $0.09 from last year’s $0.39 per share. FOXF’s profit will be $18.08 million for 27.58 P/E if the $0.48 EPS becomes a reality. After $0.36 actual earnings per share reported by Fox Factory Holding Corp. for the previous quarter, Wall Street now forecasts 33.33 % EPS growth.

Fox Factory Holding Corp. designs, engineers, makes, and markets ride dynamics products worldwide. The company has market cap of $2.00 billion. The firm offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles. It has a 38.09 P/E ratio. It also provides mountain and road bike wheels, and other performance cycling components, including cranks, bars, stems, and seat posts, as well as aftermarket products to retailers and distributors.

More recent Fox Factory Holding Corp. (NASDAQ:FOXF) news were published by: Streetinsider.com which released: “Fox Factory Holding (FOXF) PT Raised to $53 at BofA/Merrill Lynch” on July 03, 2018. Also Streetinsider.com published the news titled: “Jefferies Starts Fox Factory Holding (FOXF) at Buy” on July 16, 2018. Investorplace.com‘s news article titled: “Tesla (TSLA) Raises Prices in China as Trade Spat Escalates” with publication date: July 10, 2018 was also an interesting one.

Fox Factory Holding Corp. (NASDAQ:FOXF) Institutional Positions Chart

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